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3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour

The S&P 500’s modest 0.28% slide wasn’t terrifying, but it did represent another failed effort to crawl back above its key 50-day moving average line. Source: Allan Ajifo via Wikimedia (Modified). Rather, it’s the stock charts of Cadence Design Systems (NASDAQ:CDNS), Nordstrom (NYSE:JWN) and Under Armour (NYSE:UAA) that are worth the closer looks. That line is plotted in blue on both stock charts. Although it hasn’t been able to break above $24.60 yet, UAA has left behind a trail of higher lows. Monday’s tumble from Cadence Design Systems shares could have been chalked up as an effort to close the bullish gap left behind in April.

First found on: investorplace.com And then on: 1 other references